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In his interview he announced the merger will be complete in 2 weeks and they are uplisting to the OTCQB. More to come...
I'm the Devils advocate
Check out “Michael James Enterprises, Inc.- MoneyTV with Donald Baillargeon” by MoneyTV with Donald Baillargeon on Vimeo.
The video is available for your viewing pleasure at
https://vimeo.com/160301991
My understanding is FINRA is simply responsible for review and processing of the RS. The SEC already approved it.
The R/S will not be cancelled
We are a direct response marketing company. We identify and engage in the development and market of consumer products. We employ four primary channels: Direct Response Television (Infomercials), Television Shopping Networks, Internet and Retail Outlets. We have identified several candidate products for development with our first product launch expected in the first half of 2016. This first product launch will be for a revolutionary new approach to treating acne. Michael James Enterprises, Inc.(MJE) has acquired the exclusive patent rights to the science for the treatment of acne in North America.
Will remain PZOO. No change in the company, just a reverse split.
I totally understand your skepticism. Don't take my word for it, just be patient. We will see this company is legitimate and the moves I expect from them should validate it. I say this because we aren't seeing a huge issuance in notes, we still have no debt, a low O/S share count and the merger is still scheduled to be complete in 2-3 weeks. I'm hoping as news gets released, validation will be instilled and liquidity will follow.
Just saw this on another board. An update on MJTV on OTC Markets with a reminder that merger is expected to be complete in 2-3 weeks!
http://www.otcmarkets.com/stock/MJTV/profile
They probably won't be able to answer questions that go beyond the testing done at their facility. The executive officers do not work out of that lab. Essentially, it's a branch. You can call Pazoo at their headquarters in New Jersey and David Cunic is usually pretty good at taking time to speak with you.
A reverse split does screw over shareholders, but they absolutely will not be closing doors.
That's the correct address at 4890 Ironton St.. Pazoo is under Steep Hill Labs in both Colorado and Las Vegas. Expect the Colorado lab to be under Front Range Analytical / Steep Hill at the moment as that was the previous owner they just received approval to take over ownership of the lab from. Also, you can call them at (303) 375-9533.
The spread needs to close. We need the bid to come up
BNBI became Michael James Enterprises and thus changed their name and ticker to MJTV. Now that company (BNBI) is finalizing the merger with Michael James Enterprises. Confusing, but one is just BNBI, they just changed the company's name already.
After the merger is complete, we'll start seeing news come out over the course of the weeks that follow.
This is when you'll start to see your false assumptions NOT come to fruition. I understand it is hard to separate someone from their past, but this company is not the same and won't be the same!
"The closing of the merger Between Michael James Enterprises, Inc. (MJTV, a Delaware Corporation) and the private company, Michael James Enterprises, Inc., a Nevada corporation, is expected to be completed in the next three weeks."
You can't name the University until they give final approval which won't be till the restructuring is finalized. All university professors do is conduct studies and develop new technologies, theories and products. They get salaries and conduct their research and the university owns the majority of the rights. It is very normal at this juncture not to announce the name of the university as the merger is not yet complete!
Even then...you are offering shares at a share price of .60+ and not the .06, .006, and .0006 you see in marijuana penny stocks. Thus, you would only see a slight increase is O/S compared to the huge increase you would see in the latter companies. Anywhere from 10x's to 1000x's less shares would be needed. In addition, a company like MJTV that has NO current debt would only have to raise a fraction of the capital compared to a company that does. See how the math adds up. You can't compare the 2 types of companies. They are apples and oranges.
I wasn't referring to your opinion, I was informing members of the appropriate and correct way to interpret the document. Also, we won't see the dilution you keep referring to for one main reason...there is NO DEBT. With zero debt, their is no reason for dilution! This is not a marijuana penny stock and cannot be analyzed the same way.
This isn't a scam at all. Please do more research. That form is what the company can raise. Not dilute
That is absolutely not true. You may not be familiar with how to interpret these financials. You're looking at an outdated form before Michael James, Inc entered into a formal merger with Bears N' Bulls. Most companies make similar filings so they can legally raise capital. If you want to be accurate, it should be noted that the Outstanding Share count is under 13 million shares.
"The closing of the merger Between Michael James Enterprises, Inc. (MJTV, a Delaware Corporation) and the private company, Michael James Enterprises, Inc., a Nevada corporation, is expected to be completed in the next three weeks."
Low volume expected as it has been quiet. News is expected soon so if you're on the sidelines, I would get in now
I foresee the bid being much higher come opening bell as it has been the last couple of weeks. If the bid does get taken out, I'm buying more down there!
Ivy League partnership gives MJTV a great deal of credibility.
To do a stock buy back, a company needs cash and to get cash they need revenue. PZOO is in no position to do a buy back, especially one of the magnitude needed to truly impact the share price and O/S count, at the present time. The R/S will happen in the near future.
MJTV is a micro cap stock with No Debt and a Low Float. The volume just shows word is slowly getting out. These aren't flips and nowhere close to enough volume to pump or dump. People are just beginning to take notice!
NO DEBT AND LOW FLOAT...I'll let those guide my investment decisions.
Don't forget this company has ZERO DEBT! Find me one other micro cap I can invest in that has no debt. Standby...people are beginning to take notice as share price and volume continue to grow daily
That is absolutely not true. You're looking at an outdated form before Michael James, Inc entered into a formal merger with Bears N' Bulls. Most companies make similar filings so they can legally raise capital. If you want to be accurate, it should be noted that the Outstanding Share count is under 13 million shares.
Excitement is definitely growing! Up over 200% since last week, liquidity is slowly building and so is support. Potential here is huge!
Volume is slowly picking up:)
Once this stock begins to gain liquidity, I'm hoping to see a sizeable pop in share price as this is easily unattainable on low volume when you have a huge difference in the bid and ask as we have here. Let's get this volume going
Day ended 40% up!
Your absolutely right. But when you have over 1 billion shares outstanding , a sub-penny share price and a high trading volume that flipping is exponential and makes it almost impossible for investors to get out of the sub-penny range. Especially, if sub-penny is .0003 and you'd have to increase the share price by over 33 times to just hit .01. People coming in post RS will do better, especially if revenue really begins to come in.
What? Never have! I sold most of my shares and I am just holding onto a small position right now.
No way! That will not happen. The only reason this isn't .0005+ is that this thing pick up a lot of buyers at .0003 and not they keep flipping at .0004 for a 33% profit. That's why we actually need an RS. It will flush out a lot of these flippers.
No. Most likely the authorized share count is only high to prevent a hostile takeover. It's common practice among many companies to hold a large number. Amazon has 5 billion. I personally cannot foresee a need for PZOO to ever touch these. Events are beginning to align nicely with this one!
I would love to see this get and stay at .0005+ so we can see .05+ post R/S